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ZenPayroll Launches Modern, Automated Cloud Payroll Service

ZenPayroll Dashboard: view all pending tasks and upcoming important dates Click here for high-resolution version

SAN FRANCISCO, CA--(Marketwire - Dec 11, 2012) - ZenPayroll, Inc. today announced the launch of its modern cloud-based payroll service, enabling employers to quickly and easily pay their employees using a connected device. In addition, ZenPayroll saves employers time by automating all payroll tax calculations and payments, providing direct deposit and filing all payroll-related government documents paperlessly. The software takes just minutes to set up, requires no training to use and payroll can be completed with just a few clicks.

Processing payroll is necessary in order for every company to operate and can be a major pain point due to endless paperwork and constantly changing regulations. In 2011, U.S. companies received approximately $5.3 billion in payroll tax penalties, according to the IRS Data Book. Traditional legacy software systems are often overly complex, expensive and only add to the frustration of users. The increasing adoption of cloud, mobile, e-file, e-sign and e-fax technologies is enabling ZenPayroll to offer an easy-to-use, affordable solution.

"ZenPayroll was founded with the belief that the underlying building blocks of payroll are inherently delightful: for the employee, it's about receiving compensation for their hard work and for the employer, it's about recognizing those incredibly important contributions. Current payroll providers have squandered that potential by creating products that are difficult to use. Given this, it's not surprising that most employers and employees have no passion or brand affinity for existing solutions," said Joshua Reeves, CEO and co-founder, ZenPayroll. "By fundamentally rethinking how payroll works with a focus on user experience, we are able to deliver delightful payroll that is easy-to-use, secure and saves businesses time and money."

FundingZenPayroll raised $6.1 million in its first round of funding and is backed by some of the most influential and successful founders and organizations, including:

Aaron Levie, CEO and co-founder, Box

Data Collective

David Sacks, CEO and co-founder, Yammer

Drew Houston, CEO and co-founder, Dropbox

Google Ventures

Jawed Karim, co-founder, YouTube

Jeremy Stoppelman, CEO and co-founder, Yelp

Kris Duggan, CEO and co-founder, Badgeville

Larry Augustin, CEO, SugarCRM

salesforce.com

Sherpalo Ventures

Tien Tzuo, CEO and co-founder, Zuora

Y Combinator

About ZenPayroll, Inc.ZenPayroll provides a modern cloud-based payroll service that is simple and delightful to use. Customers can run payroll and administer benefits in minutes from any connected device. All government payroll reporting is done automatically and paperlessly, providing the easiest way for business owners to manage payroll taxes and compliance. Employers can learn more and sign up for free by visiting ZenPayroll.com. ZenPayroll is headquartered in San Francisco.